Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Indonesian Rupiah/Swiss Franc (FOREX:IDRCHF)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for IDRCHF
The long term trend has been DOWN since Aug 8th, 2018 at 0.006813
The intermediate term trend has been DOWN since May 21st, 2018 at 0.007040
The short term trend has been DOWN since Sep 14th, 2018 at 0.006532
Smart Scan Analysis for IDRCHF
Based on a pre-defined weighted trend formula for chart analysis, IDRCHF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).